GLOBAL MARKETS: Asian shares up after China, U.S. data; euro firms
SINGAPORE, June 15 (Reuters) - Asian stocks opened higher on Wednesday after a torrid start to the week, as positive data from the world's two largest economies encouraged investors to buy back into growth-sensitive assets.
Chinese data showed the world's second biggest economy may avoid a hard landing as some had feared, while a U.S. consumer spending report that was not as weak as expected lifted U.S. stocks [.N], oil and other growth-oriented markets on Tuesday.
OIL: Oil rises on lift from U.S., China data
NEW YORK, June 14 (Reuters) - Brent reached its highest in more than five weeks on Tuesday and U.S. crude rose more than 2 percent as data from China and the United States eased concerns about the global economy and the threat to oil demand.
"There's a feeling that U.S. economic data will start to get better next month, and if you look at the retail sales data, if you take (out) autos, which were hit by the earthquake in Japan, they were actually up 0.3 percent," said Amrita Sen, oil analyst at Barclays Capital.
NATURAL GAS: Natural gas ends down for second day, weather weighs
NEW YORK, June 14 (Reuters) - Front-month U.S. natural gas futures ended lower on Tuesday for a second straight day, as milder Northeast and Midwest weather this week and increased nuclear generation continued to weigh on prices despite the warmer outlook for early next week.
"There's been a pause in the heat in the Northeast (and Midwest) which is pressuring prices, but there's still heat around, and storage is not nearly as bearish as last year. It could be a buy here," a Texas-based trader said.
EURO COAL: Prices dip 75c-$1.00 on poor demand
LONDON, June 14 (Reuters) - Coal prices softened by around 75 U.S. cents to $1.00 a tonne for prompt months due to a lack of demand in Europe and Asia, traders and utilities said.
"There's more prompt coal available with no takers - particularly from Richards Bay, so it's got to move lower," one European trader said.
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